The Nature of Government and Politics

The state is "that organization in society which
attempts to maintain a monopoly of the use of force and violence in a given
territorial area; in particular, it is the only organization in society that
obtains its revenue not by voluntary contribution or payment for services
rendered but by coercion." – Murray Rothbard
“A state is defined conventionally as an agency that
exercises a compulsory territorial monopoly of ultimate decison-making (jurisdiction)
and of taxation. By definition then, every state, regardless of its particular
constitution, is economically and ethically deficient.” – Hans-Hermann Hoppe

Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government. It examines the relationship between politics and economics in modern societies.

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